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Eni, Shell acquitted in Nigeria oil block corruption case

Daily Dispatch March 17, 2021

An Italian court in Milan has acquitted has Eni and Royal Dutch Shell in the oil industry’s biggest corruption trial, the case centers around the purchase of a Nigerian oilfield by Eni and Royal Dutch Shell for $1.3 billion about ten years ago. After more than three years of proceedings and 74

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Heirs Holdings significantly expands oil and gas portfolio, acquires stakes in Shell, ENI, Total

Daily Dispatch January 15, 2021

Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a